HOME-buyers in Winsford will benefit from a Government giveaway after huge chunks of the town were named as among the most deprived areas in Britain.

The Chancellor has abolished the tax on properties below £150,000 in the areas of slowest growth and highest unemployment in Britain.

It means homes in the Over Two, Wharton and Vale Royal wards of Winsford, all named in the announcement, are exempt from stamp duty.

Gary Edwards, senior negotiator at Beresford Adams estate agents, said: 'Anything which reduces the cost of buying a home is a good thing, be it the 'It is difficult to tell how it will affect things at this stage.

'At the moment a lot of people are scared of paying more than £60,000 for a home in, say, Cherry Crescent, because of the stamp duty they will have to pay if they go over that amount.

'We could value a house at over £60,000, but the owner would often accept a lower price because no-one wants to pay the stamp duty. This will change that in almost all of Winsford.

'At the moment I don't think people are aware of the change, so whether we get a flood of people moving into the area we will have to see.'

Stamp duty is normally charged at 1% when a property is sold between £60,000 and £250,000 and it is paid by the buyer. For houses and flats under £60,000 there is no stamp duty.

The raising of the level of stamp duty was part of a package aimed at regenerating some of the more deprived areas of Britain. It is hoped the move will boost the economy by attracting home-buyers, industry and jobs.

But Winsford councillor Tony Hooton said: 'Most houses in Winsford are below the rate of stamp duty anyway, certainly in the poorer areas of the town.'